Singapore Stock Market News

Singapore Exchange - Respectable FY18 SADV

StockFanatic
Publish date: Wed, 25 Jul 2018, 12:23 PM
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Maintain BUY and TP of SGD9, 20% upside. SGX will be releasing its FY18 results on 27 Jul 2018. Bloomberg data indicated FY18 SADV of SGD1.24bn, which is in line with our expectation of SGD1.2bn. We are bullish on FY19's SADV, forecasting SGD1.39bn as global uncertainties drive trading activities. Factoring in some negatives from the trading of Nifty 50 Index Futures, we are forecasting FY19 DADC of 0.82m, which is similar to 4QFY18's DADC. SGX's FY19F dividend yield of 4.6% is attractive vs Singapore's sovereign 10-year bond yield of 2.42%. Read More
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